KT (NYSE:KT) Hits New 52-Week High - Time to Buy?

KT Corporation (NYSE:KT - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $20.57 and last traded at $20.29, with a volume of 1663218 shares changing hands. The stock had previously closed at $20.12.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen lowered KT from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd.

KT Stock Up 0.9%

The firm has a fifty day simple moving average of $19.39 and a 200-day simple moving average of $17.84. The company has a market capitalization of $10.47 billion, a P/E ratio of 22.06, a P/E/G ratio of 0.16 and a beta of 0.66. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.41.

KT (NYSE:KT - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter. KT had a return on equity of 3.47% and a net margin of 2.37%. The company had revenue of $4.71 billion during the quarter. On average, equities research analysts expect that KT Corporation will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On KT

Several large investors have recently modified their holdings of KT. Qtron Investments LLC grew its holdings in shares of KT by 5.1% during the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock worth $210,000 after buying an additional 652 shares in the last quarter. Park Place Capital Corp raised its position in KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after buying an additional 819 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in KT by 4.8% in the 1st quarter. Atlas Capital Advisors Inc. now owns 20,273 shares of the technology company's stock valued at $359,000 after buying an additional 935 shares during the last quarter. Royal Bank of Canada raised its position in KT by 1.1% in the 1st quarter. Royal Bank of Canada now owns 102,808 shares of the technology company's stock valued at $1,820,000 after buying an additional 1,078 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in KT by 20.4% in the 1st quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after buying an additional 1,323 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.

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